Posts Tagged ‘Polbroiler hatching eggs’
Himfr Reports Pork, Eggs Price Increases In China
Written by Orietta Qi on February 8, 2010 – 7:12 pm -Himfr reports that recently the prices of pork and eggs consecutive increases in the market but that would not trigger inflation.
Usually during the winter, as vegetable prices rise, consumers will increase demand for eggs, and egg prices will rise. In the current market, however, eggs prices are not rising as vegetable prices rise, which contributes to low volatility.
In mid-July, the price of eggs in the market began to rise; by August the price of eggs had risen from 156 RMB / case to 163 RMB / case, and then floated around this price range. By late August, egg prices had hit new heights: 156.5 RMB / case by August 24, 160 RMB / case by August 25, and even 170 RMB / case recently, a new high point. As of this week, egg prices had risen for five weeks, for a cumulative increase of 5.8%.
During the winter in China, North-South transport is subject to certain restrictions, which contributes to stagnant egg prices; with limited transport, farmer’s will not go out of stock.
China’s live hog price dropped 40 percent year on year to 9.56 RMB (1.41 U.S. dollars) per kilogram last June as a result of oversupply. The wholesale price of pork plummeted to 14 RMB per kilogram.
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